Enervee raises $3.7M

What does Enervee do?

Enervee, is the world’s first energy efficiency commerce platform. Its score rates the energy efficiency of consumer electronics and home appliances from 0 to 100. It provides a real time comparison about how a product ranks when compared to the other products in the current market. It provides personal recommendation for buying a product which is energy efficiency based, TrueCost, and popularity. These are distributed through energy smart shopping channels which are available on the Enervee’s site and through online  utility partner and publisher sites. This platform also provides an EcoView highlighting the impact of carbon dioxide emissions of a product on society and the environment.

How much Enervee was funded?

Enervee raised $3.7M in Series A funding on May 26^th, 2015 from Obvious Ventures.

Previous funding

• Undisclosed amount in Seed round on July 1, 2010 from Don Epperson and Matthias Kurwig
• Undisclosed amount in Angel round on June 1, 2013
• $1.7M in Seed round on September 11, 2014.

What is next for Enervee?

Enervee is currently live with Eversource, PG&E, United Illuminating. It will be launching another big utility in California with more than 1 M households on 1^st of July. The new funding will be used for expanding its team, mainly the one in Santa Monica office. It plans to double its employees who are now 14 in number to between 30-40 by end of 2015. It will also use the fund for expanding its product to new categories, which includes water heaters, for calculating the water usage. A part of the funding will be used to enter the European market.

More about Enervee

Enervee was founded in 2012 by Don Epperson and Matthias Kurwig. It has its headquarters in Santa Monica, CA. Its mission is helping customers, government, businesses to save energy and help the environment through purchase of energy efficient products.